Mexico Consumer Confidence October 2018

Mexico: Consumer confidence notches up in October

November 6, 2018

Consumer sentiment improved in October, with the seasonally-adjusted consumer confidence index published by INEGI ticking up to 101.4 points from September’s revised 100.3 points (previously reported: 100.1 points). October’s reading revealed optimism as it landed above the 100-point threshold, below which readings had been stuck for more than a decade until last July.

Four of the index’s five components notched up in October, led by gains in consumers’ stated ability to pursue big-ticket purchases.

Panelists participating in this month’s LatinFocus Consensus Forecast expect private consumption to grow 2.5% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees private consumption expanding 2.6%.

Consumer confidence bounced back in August after five consecutive months of decline, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 43.4 points, up slightly from 43.1 points in July.

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